Ouster, Inc. (NYSE:OUST - Get Free Report)'s stock price was up 7% during mid-day trading on Thursday . The stock traded as high as $11.26 and last traded at $11.00. Approximately 908,776 shares were traded during trading, a decline of 39% from the average daily volume of 1,501,888 shares. The stock had previously closed at $10.28.
Analysts Set New Price Targets
Several analysts have issued reports on OUST shares. Rosenblatt Securities reissued a "buy" rating and set a $17.00 target price on shares of Ouster in a research note on Friday, November 8th. Northland Securities started coverage on shares of Ouster in a research note on Thursday, December 12th. They set an "outperform" rating and a $14.00 target price on the stock. Northland Capmk raised shares of Ouster to a "strong-buy" rating in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald raised shares of Ouster from a "neutral" rating to an "overweight" rating and cut their target price for the company from $12.00 to $10.00 in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $13.17.
Check Out Our Latest Stock Analysis on OUST
Ouster Stock Down 1.1 %
The firm has a market capitalization of $511.64 million, a price-to-earnings ratio of -4.00 and a beta of 2.36. The stock's 50 day moving average price is $11.01 and its two-hundred day moving average price is $9.11.
Ouster (NYSE:OUST - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. The business had revenue of $28.08 million during the quarter. Ouster had a negative return on equity of 65.17% and a negative net margin of 106.50%. During the same period in the previous year, the company earned ($0.89) EPS. On average, equities analysts expect that Ouster, Inc. will post -2.2 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CEO Charles Angus Pacala purchased 50,954 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $9.79 per share, for a total transaction of $498,839.66. Following the completion of the acquisition, the chief executive officer now directly owns 769,957 shares of the company's stock, valued at approximately $7,537,879.03. The trade was a 7.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Mark Frichtl purchased 5,045 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $9.78 per share, with a total value of $49,340.10. Following the completion of the acquisition, the chief technology officer now directly owns 513,121 shares of the company's stock, valued at approximately $5,018,323.38. This trade represents a 0.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 80,415 shares of company stock worth $748,620. Corporate insiders own 7.81% of the company's stock.
Institutional Investors Weigh In On Ouster
A number of hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Ouster by 28.4% in the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company's stock valued at $46,000 after buying an additional 1,608 shares during the period. Stoneridge Investment Partners LLC bought a new stake in shares of Ouster in the third quarter valued at about $67,000. Intech Investment Management LLC bought a new stake in shares of Ouster in the third quarter valued at about $81,000. Daiwa Securities Group Inc. lifted its stake in shares of Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after buying an additional 1,063 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of Ouster by 916.0% in the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock valued at $101,000 after buying an additional 7,456 shares during the period. 31.45% of the stock is currently owned by institutional investors.
About Ouster
(
Get Free Report)
Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.
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